DENVER, CO – MG Properties, a leading real estate investment and management firm, recently bought 4400 Syracuse Apartments, a newly built luxury midrise community located in one of Denver’s most desirable, dynamic, and growing submarkets. This acquisition underscores MG Properties’ commitment to providing top-tier living experiences and expanding its operational presence in the Denver market.
This newly constructed 316-unit property offers modern finishes, functional floorplans, and best-in-class amenity spaces designed to enhance the lifestyle of its residents. Situated in the thriving Denver Tech Center/Southeast Business Corridor, 4400 Syracuse Apartments offers residents access to Colorado’s largest employment hub which supports over 240,000 jobs. The property is strategically accessible to public transportation and major regional thoroughfares, including the adjacent I-25 and I-225 interstates.
“4400 Syracuse Apartments represents an exceptional investment opportunity, priced below its current replacement cost basis,” said Jeff Gleiberman, President of MG Properties. “MG’s long-term investment strategy allows us to continue to buy high quality assets at an attractive basis, despite today’s challenging capital markets environment.”
The sellers, Morgan Group and LaSalle Investment Management, were represented by Jordan Robbins and Alex Possick with JLL Capital Markets. Financing for the transaction was provided by Freddie Mac and arranged by Charles Halladay, Rick Salinas, Brandon Smith, and Annie Rice with JLL Capital Markets.

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MESA, AZ – Toll Brothers the nation s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and real estate investment firm Canyon Partners Real Estate, have announced the formation of a new joint venture to develop Navona, a garden-style, 400-unit luxury multifamily rental community in the Phoenix suburb of Mesa, Arizona. The joint venture has secured a $78 million construction loan from Bank OZK. The equity and debt were arranged by Toll Brothers in-house Finance Department. Toll Brothers Apartment Living will manage the development of Navona.
Navona is adjacent to the SR-24 expansion in Mesa, one of the fastest growing submarkets in the Phoenix metro area providing convenient access to main employment corridors. Recent expansions to the area include Intel s Chandler Campus, bringing an estimated 18,000 jobs to the local community. Meta, Amazon, and Apple have also grown their presence in Phoenix, bringing additional job opportunities to the surrounding areas. The community is also well-positioned to benefit from the 400-acre Phoenix Mesa Gateway terminal expansion which includes SkyBridge Arizona.
The garden-style community will offer 400 rental apartments with various floor plot styles across a mix of one-, two- and three-bedroom apartments as well as over 800 parking spaces. The apartment units will feature high-end luxury finishes and a best-in-class amenity package, including pickleball courts, a clubhouse, expansive outdoor space, and an entertainment pavilion with a resort-style pool.
John McCullough, President of Toll Brothers Apartment Living, said, Navona represents Toll Brothers sixth multifamily community development in Arizona, and we look forward to another successful project in the quick-growing Phoenix submarket of Mesa.
Fred Cooper, Senior Vice President, Finance and Investor Relations for Toll Brothers, said, We are thrilled to once again be working with Canyon Partners as our joint venture partner. This is our fourth joint venture with Canyon in projects with total capitalization of nearly $500 million across a variety of markets. It also represents another exciting project that Bank OZK is financing for Toll Brothers-led joint ventures across our condo and rental platforms, and we appreciate their continued partnership.
Canyon has been an active provider of debt and equity in multifamily and continues to invest in real estate projects in primary and secondary markets across the United States. Since its inception, Canyon has invested approximately $2.7 billion in debt and equity to capitalize ~$13.0 billion of total projects across multifamily investments.
Bank OZK is pleased to provide construction financing to Toll Brothers and its joint venture partners on another highly desirable project, said Jason Choulochas, Managing Director, Originations at Bank OZK. Navona offers an unmatched residential living experience that blends outstanding design, contemporary conveniences, and a vibrant sense of community.

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ORLANDO, FL – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced the development of Standard441, a new 300-unit multifamily community in the Orlando suburb of Lady Lake. Thompson Thrift plans to start construction this month and welcome new residents beginning in late 2024.
“Lady Lake is a quick-growing area that shows no signs of slowing down,” said Josh Purvis, managing partner for Thompson Thrift Residential. “The area is expected to nearly double in size by 2040, providing Thompson Thrift the perfect opportunity to develop a high-end multifamily community that will offer residents the ability to live close to work and delight in the benefits of nearby retail, entertainment and recreation.”
Located off Highway 441 on the northeast side of The Villages master-plotted community, the 15.26-acre community will offer one-, two- and three-bedroom apartment homes in three-tale buildings. The apartment homes will feature hardwood-style flooring, stainless steel appliances, patio and balcony options, private yard options, upgraded unit options, detached garages and a full-size washer and dryer. Each home will also feature Alexa-compatible smart home packages.
Luxury living will continue throughout the gated community, including a fully equipped fitness center with 24-hour access, resort-style heated swimming pool and outdoor spa, outdoor pool pavilion with a built-in fireplace and grills, pickleball court, dog park and pet spa, 24-hour social hub, work from home focus suites and electric vehicle charging.
The site is across the street from UF Health The Villages Hospital, which is the largest, most comprehensive provider of health care services in the region. Nearby Highway 441, which is the main thoroughfare for The Villages, will provide residents with convenient access to nearly 3 million square feet of retail, dining and entertainment options, as well as other major employers including Arcosa, Ash Grove, Advent Health Ocala and the U.S. Department of Justice.
The Villages MSA was the #1 fastest growing metropolitan area in the U.S. during the past decade and projections indicate that the area has the potential to double in total size in coming years.
This development marks Thompson Thrift’s 12th multifamily community in Florida and brings the company’s total number of multifamily units to 20,000.

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